Business Council response to the Review of Open Banking in Australia - Final Report

March 2018

The Australian Government has committed to legislate a Consumer Data Right – a collection of data access and use rights for consumers that includes the right to transfer data from current service providers.

The Government is considering two sets of recommendations about how the Consumer Data Right can be implemented: one from the Productivity Commission’s Data Availability and Use inquiry, and one from Mr Scott Farrell’s Review into Open Banking in Australia.

The Business Council believes consumers will be best served if the Consumer Data Right is implemented in a way that is practical, economically efficient and does not increase the risk to consumers’ privacy or security.

Related Publications

Response to revised draft legislation for the Consumer Data Right

18 October 2018

The Business Council continues to hold the view that further amendments on value-added data and the privacy safeguards are required to reduce the potentially major risks raised by the current draft of the legislation. More

Submission to Response to the future of digital trade rules discussion paper

July 2018

Submission to Response to the future of digital trade rules discussion paper. More

Submission to the response to Data Sharing and Release Legislation issues paper

8 August 2018

Greater availability and use of public sector data has the potential to bring significant benefits to the community, such as improved government policy and service delivery, more transparency, and improved accountability. More